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2024-10-04 06:52:01
in reply to nevent1q…mjq5

Bullet points of Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls

Bullet points of Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls
- Bitcoin dipped below $60,000 briefly
- Leading to $144 million in bullish position liquidations
- Historical data suggests October as its strongest month with gains averaging 22% since 2013
- Social sentiment on platforms like X reflects bearish views on Bitcoin's price recovery
- Rising oil prices due to Middle East tensions shift investor focus towards commodities like oil and gold
- Polymarket bettors show mixed feelings on Bitcoin's price direction but lean towards a range-bound movement for October
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